Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Housing Supply Fund Act of 2026 creates a new federal grant program within the Treasury Department's Community Development Financial Institutions Fund to increase the supply of affordable housing across the country. Eligible recipients include certified community development financial institutions, nonprofit housing organizations, and public housing agencies, which can use grants to develop, preserve, rehabilitate, finance, or purchase affordable homes for low- and moderate-income renters and homebuyers earning up to 120 percent of area median income. The bill appropriates $500 million annually for five years, from 2026 through 2030, with grant recipients required to commit funds to use within four years or face recapture. Eligible uses include establishing loan loss reserves, creating revolving loan funds, capitalizing affordable housing funds, facilitating mortgage lending to underserved borrowers, and supporting mixed-use and transit-oriented development projects. The bill requires the Treasury Secretary to prioritize geographic diversity in funding decisions and limits administrative expenses to no more than 5 percent of total appropriations.
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